EX-5.1 4 dex51.txt OPINION OF GOODWIN PROCTER EXHIBIT 5.1 November 2, 2001 Plug Power Inc. 968 Albany-Shaker Road Latham, New York 12110 Ladies and Gentlemen: Re: Registration Statement on Form S-8 ---------------------------------- This opinion is delivered in our capacity as counsel to Plug Power Inc. (the "Company") in connection with the preparation and filing with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Act") of a Registration Statement on Form S-8 (the "Registration Statement") relating to additional shares of Common Stock, par value $.01 per share (the "Registered Shares") which the Company may issue pursuant to the 1999 Stock Option and Incentive Plan, as amended, (the "Plan"). As counsel for the Company, we have examined a copy of the Plan and the Company's Amended and Restated Certificate of Incorporation and the Amended and Restated By-laws, each as presently in effect, and such records, certificates and other documents of the Company as we have deemed necessary or appropriate for the purposes of this opinion. We are attorneys admitted to practice in The Commonwealth of Massachusetts. We express no opinion concerning the laws of any jurisdiction other than the laws of the United States of America, The Commonwealth of Massachusetts and the Delaware General Corporation Law. Based on the foregoing, we are of the opinion that upon the issuance and delivery of the Registered Shares against payment therefor in accordance with the terms of the Plan and any agreement thereunder, the Registered Shares will be legally issued, fully paid and non-assessable shares of the Company's Common Stock under the General Corporation Law of the State of Delaware. The foregoing assumes all requisite steps will be taken to comply with the requirements of the Act, applicable requirements of state laws regulating the offer and sale of securities and applicable requirements of The Nasdaq Stock Market, Inc. We hereby consent to being named as counsel to the Company in the Registration Statement and to the inclusion of this opinion as an exhibit to the Registration Statement. Very truly yours, /S/ GOODWIN PROCTER LLP GOODWIN PROCTER LLP